Focus Partners Wealth Makes New Investment in Duolingo, Inc. (NASDAQ:DUOL)

Focus Partners Wealth acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,575 shares of the company’s stock, valued at approximately $511,000.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo in the 4th quarter valued at about $31,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after buying an additional 101 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after buying an additional 113 shares during the period. Finally, Smithfield Trust Co boosted its holdings in shares of Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after buying an additional 46 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DUOL has been the subject of several research reports. Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target for the company in a report on Tuesday, March 18th. Jefferies Financial Group initiated coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Needham & Company LLC lifted their price objective on shares of Duolingo from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Duolingo from $340.00 to $403.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.29.

Duolingo Stock Up 1.1%

NASDAQ DUOL opened at $525.73 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The company’s 50 day simple moving average is $377.35 and its 200 day simple moving average is $355.76. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $544.93. The company has a market capitalization of $23.90 billion, a P/E ratio of 287.29 and a beta of 0.88.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. The firm’s revenue was up 37.6% compared to the same quarter last year. Equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $495.95, for a total value of $4,959,500.00. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $35,708.40. This trade represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Natalie Glance sold 3,482 shares of Duolingo stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the completion of the transaction, the insider now directly owns 127,251 shares in the company, valued at approximately $40,668,147.09. This trade represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,853 shares of company stock valued at $31,627,441 over the last ninety days. Corporate insiders own 15.67% of the company’s stock.

Duolingo Company Profile

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.